Page:United States Statutes at Large Volume 103 Part 1.djvu/383

 PUBLIC LAW 101-73 —AUG. 9, 1989 103 STAT. 355 FSLIC Resolution Fund the amounts requested for expenses described in subparagraph (A). (C) EXCLUSIVE SOURCE OF FUNDS.—No funds or other prop- erty of the Federal Home Loan Bank Board or the Federal Savings and Loan Insurance Corporation (other than the FSLIC Resolution Fund) may be used by the Chairman of the Federal Home Loan Bank Board to pay any expense incurred in carrying out any provision of this title. (D) REIMBURSEMENT BY SUCCESSOR AGENCIES.— D isburse- ments from the FSLIC Resolution Fund pursuant to subparagraph (A) which are attributable to employees de- scribed in paragraph (IXAXi) and property described in pargigraph (IXAXii) shall be reimbursed by the agency to which any such employee or property is transferred. (c) AUTHORITY AND STATUS OF CHAIRMAN OF THE FEDERAL HOME LOAN BANK BOARD. — (1) IN GENERAL.— Notwithstanding the repeal of section 17 of the Federal Home Loan Bank Act by section 703 of this Act, the repeal of section 402(c) of the National Housing Act by section 407 of this title, the abolishment of the Federal Savings and Loan Insurance Corporation under section 401 of this title, the Chairman of the Federal Home Loan Bank Board shall have any authority vested in the Chairman or the Board before such date of enactment which is necessary for the Chairman to carry out the requirements of this section, paragraphs (1) and (2) of section 403(b), and section 405(a) during the 60-day period begin- ning on such date. (2) OTHER PROVISIONS. — For purposes of paragraph (1), the Chairman of the Federal Home Loan Bank Board shall continue to be— (A) treated as an officer of the United States during the 60-day period referred to in such subparagraph; and (B) entitled to compensation at the annual rate of basic ^ pay payable for level III of the Executive Schedule. (3) No ADDITIONAL COMPENSATION IF APPOINTED DIRECTOR.— During the 60-day period beginning on the date of the enact- ment of this Act, the Chairman of the Federal Home Loan Bank Board shall not be entitled to any additional compensation by reason of his appointment as Director of the Office of Thrift Supervision. (d) STATUS OF EMPLOYEES BEFORE TRANSFER.— " (1) EMPLOYEES OF FSUC. —Any employee of the Federal Sav- ings and Loan Insurance (Corporation shall be treated eis an employee of the Federal Home Loan Bank Board for purposes of subsection (b)(l)(A)(i). (2) RULE OF CONSTRUCTION. — The repeal of section 17 of the Federal Home Loan Bank Act by section 703 of this Act, the repeal of section 402(c) of the National Housing Act by section 407 of this title, and the abolishment of the Federal Savings and Loan Insurance (Corporation under section 401 of this title, shall not be construed as affecting the status of employees of such (Corporation or of the Federal Home Loan Bank Board as ^ employees of an agency of the United States for purposes of any other provision of law before the effective date of the transfer of any such employee pursuant to section 403. (e) (CONTINUATION OF SERVICES. —

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